Water and Electricity Holding Company (Badeel)

Badeel is an investment company that co-invests in 70% of the renewable energy target capacity that PIF is mandated to develop in the Kingdom by 2030. Since its establishment in 2009, Badeel has participated in the first IWPPs in the Kingdom, making the Company well versed in Utilities and Renewables sector as a financial investor. Badeel currently focuses on managing +15 assets generating, in total, a capacity of +19GW of electrical power.